New Issue: UBS sells $99,871 14.98% trigger yield optimization notes tied to Freeport-McMoRan

By Toni Weeks

San Diego, Sept. 7 - UBS AG, London Branch priced $99,871 of 14.98% annualized trigger yield optimization notes due Dec. 12, 2011 linked to the common stock of Freeport-McMoRan Copper & Gold Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The face amount of each note will be equal to the initial price of Freeport-McMoRan stock.

The payout at maturity will be par in cash unless the final price of Freeport-McMoRan stock is less than 75% of the initial share price, in which case investors will receive one Freeport-McMoRan share per note.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

Issuer:	UBS AG, London Branch
Issue:	Trigger yield optimization notes
Underlying stock:	Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)
Amount:	$99,870.87
Maturity:	Dec. 12, 2011
Coupon:	14.98%, payable monthly
Price:	Par of $45.17
Payout at maturity:	If final share price is less than trigger price, one Freeport-McMoRan share; otherwise, par
Initial share price:	$45.17
Trigger price:	$33.88, 75% of initial price
Pricing date:	Sept. 7
Settlement date:	Sept. 12
Agents:	UBS Financial Services Inc. and UBS Investment Bank
Fees:	0.7%
Cusip:	90267H564

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